Walter & Cecile Borchert Scholarship Fund

Buffalo, NY
Tax-exempt since Aug. 1993
EIN: 16-6384392

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Revenue

$46.5k (2024)

Expenses

$43.9k (2024)

Total Assets

$619k (2024)

Total Liabilities

$0 (2024)

Years with multiple filings

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$46,524

Expenses

$43,867

Net Income

$2,657

Net Assets

$619,143

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,985	40.8%
Sales of Assets	$27,539	59.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,500	71.8%
Compensation of Officers*	$11,733	26.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$619,143
Total Liabilities	$0
Net Assets	$619,143

Compensation

Key Employees and Officers	Compensation	Other
M & T Bank (Trustee)	$11,733	$0

990-PF

Filed on May 6, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$26,672

Expenses

$42,853

Net Income

-$16,181

Net Assets

$617,214

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,162	64.3%
Sales of Assets	$9,254	34.7%
Other Income	$256	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,750	74.1%
Compensation of Officers*	$10,750	25.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$617,214
Total Liabilities	$0
Net Assets	$617,214

Compensation

Key Employees and Officers	Compensation	Other
M & T Bank (Trustee)	$10,750	$0

990-PF

Filed on May 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$30,378

Expenses

$52,228

Net Income

-$21,850

Net Assets

$633,632

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,956	45.9%
Sales of Assets	$16,422	54.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,895	74.5%
Compensation of Officers*	$11,393	21.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$633,632
Total Liabilities	$0
Net Assets	$633,632

Compensation

Key Employees and Officers	Compensation	Other
M T Bank (Trustee)	$11,393	$0

990-PF

Filed on May 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$70,515

Expenses

$46,642

Net Income

$23,873

Net Assets

$655,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,605	23.5%
Sales of Assets	$53,744	76.2%
Other Income	$166	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,500	67.5%
Compensation of Officers*	$13,104	28.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$655,630
Total Liabilities	$0
Net Assets	$655,630

Compensation

Key Employees and Officers	Compensation	Other
M & T (Co Trustee)	$13,104	$0

990-PF

Filed on May 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$16,981

Expenses

$54,554

Net Income

-$37,573

Net Assets

$631,877

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,224	83.8%
Sales of Assets	$2,757	16.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,900	75.0%
Compensation of Officers*	$11,348	20.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$631,878
Total Liabilities	$1
Net Assets	$631,877

Compensation

Key Employees and Officers	Compensation	Other
M&T Trust Co (Co Trustee)	$11,348	$0

990-PF

Filed on May 6, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$26,438

Expenses

$38,604

Net Income

-$12,166

Net Assets

$669,316

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,043	60.7%
Sales of Assets	$10,356	39.2%
Other Income	$39	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,500	66.1%
Compensation of Officers*	$12,668	32.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$669,317
Total Liabilities	$1
Net Assets	$669,316

Compensation

Key Employees and Officers	Compensation	Other
M And T Trust Co (Co Trustee)	$12,668	$0

990-PF

Filed on June 23, 2020

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$33,277

Expenses

$46,918

Net Income

-$13,641

Net Assets

$679,428

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,081	45.3%
Sales of Assets	$18,196	54.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,524	71.5%
Compensation of Officers*	$10,640	22.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$679,428
Total Liabilities	$0
Net Assets	$679,428

Compensation

Key Employees and Officers	Compensation	Other
M&T Trust Co (Co Trustee)	$10,640	$0

990-PF

Filed on May 9, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$61,209

Expenses

$47,520

Net Income

$13,689

Net Assets

$693,079

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,601	30.4%
Sales of Assets	$40,289	65.8%
Other Income	$2,319	3.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,450	72.5%
Compensation of Officers*	$11,175	23.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$693,079
Total Liabilities	$0
Net Assets	$693,079

Compensation

Key Employees and Officers	Compensation	Other
M & T Trust Co (Co Trustee)	$11,175	$0

990-PF

Filed on May 1, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$9,627

Expenses

$46,815

Net Income

-$37,188

Net Assets

$679,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,774	> 100%
Sales of Assets	-$9,147
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,250	71.0%
Compensation of Officers*	$10,298	22.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$679,389
Total Liabilities	$0
Net Assets	$679,389

Compensation

Key Employees and Officers	Compensation	Other
M T Trust Co (Co Trustee)	$10,298	$0

990-PF

Filed on May 9, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$175,870

Expenses

$50,313

Net Income

$125,557

Net Assets

$716,573

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,131	9.7%
Sales of Assets	$158,739	90.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,000	75.5%
Compensation of Officers*	$8,977	17.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$716,573
Total Liabilities	$0
Net Assets	$716,573

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Feb.
2015

Revenue

$106,633

Expenses

$25,542

Net Income

$81,091

Net Assets

$591,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,363	15.3%
Sales of Assets	$90,270	84.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,281	52.0%
Compensation of Officers*	$11,512	45.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$591,029
Total Liabilities	$0
Net Assets	$591,029

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Feb.
2014

Revenue

$30,700

Expenses

$30,801

Net Income

-$101

Net Assets

$509,962

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,016	52.2%
Sales of Assets	$14,684	47.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	64.9%
Compensation of Officers*	$10,077	32.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$509,962
Total Liabilities	$0
Net Assets	$509,962

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Feb.
2013

Revenue

$28,514

Expenses

$29,364

Net Income

-$850

Net Assets

$510,064

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,369	53.9%
Sales of Assets	$12,213	42.8%
Other Income	$932	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	68.1%
Compensation of Officers*	$8,633	29.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$510,064
Total Liabilities	$0
Net Assets	$510,064

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Feb.
2012

Revenue

$24,205

Expenses

$32,519

Net Income

-$8,314

Net Assets

$509,455

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,558	64.3%
Sales of Assets	$7,590	31.4%
Other Income	$1,057	4.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,500	72.3%
Compensation of Officers*	$8,373	25.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$509,455
Total Liabilities	$0
Net Assets	$509,455

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Updated September 25, 2025

Walter & Cecile Borchert Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $46.5k (2024)

Expenses $43.9k (2024)

Total Assets $619k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Feb. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Feb. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Feb. 2013

Extracted Financial Data

Revenue

$46.5k (2024)

Expenses

$43.9k (2024)

Total Assets

$619k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Feb.
2015

Fiscal Year Ending Feb.
2014

Fiscal Year Ending Feb.
2013

Fiscal Year Ending Feb.
2012

Fiscal Year Ending Feb.
2011

Fiscal Year Ending Feb.
2010

Fiscal Year Ending Feb.
2009

Fiscal Year Ending Feb.
2008

Fiscal Year Ending Feb.
2007

Fiscal Year Ending Feb.
2006

Fiscal Year Ending Feb.
2005

Fiscal Year Ending Feb.
2004

Fiscal Year Ending Feb.
2003

Fiscal Year Ending Feb.
2002